Np! The market cap of QEC right now is actually $791millions..basic calculation of $4.42(sp) * about 179million outstanding shares...but like you mentioned and Mr Binnion mentioned, if that is the amount of money coming to QEC over the life of the project, then the skies the limit. I guess the way you can look at it is like this...

Once reserves are proven and production does begin, and if the numbers are stated to be around 25tcf...then you'll have all these firms do the math and investors everywhere will flock to get in, and you could see many folds from todays price. I mean$20billion dollars divided by today's O/S is over a hundred dollars a share. But the math isn't as simple as there are royalties(mind you there are everywhere, but in Quebec it is very low compared to other part of Canada) and of course over time you would see more PP's being done, which would cause some dilution, but that is of course very normal and they would be done at extremely higher prices.

So if everything goes to plan, you will see everyone trying to jump in this play...and don't forget, area plays will go up, but more important thing after the dust settles is the company that is drilling and has the major with it to back them up and prove reserves...which is why I like QEC as a pick....and as I was saying, if things go according to plan, then there will be a feeding frenzy......if the price can go this high based on the forest holes and this wonderful pilot project, then just think what will happen with news of increased reserves and announcing a full scale production.

Rocco:)